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NOTABLE! The Coming Recession (2018-2019?)

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by JScott, May 27, 2018.

  1. CigarMan
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    CigarMan Bronze Contributor

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    I wonder if the plunge protection team was active the last 2 days...
     
  2. jesseissorude
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    jesseissorude Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    We've had a nice bounce, but I think we are headed down from here. SPY resistance at $261.

    I've been buying a couple stocks I like on the way down. P/E is at 14.5-ish right now and I'm very happy to get my hands on more shares of companies like NVDA. Even AAPL looks great after the China news started to be priced in.

    I do think we are headed for lower lows starting next week, so I'm 80% in cash right now. I've stopped selling credit spreads, though. I've also bought a few puts on the SPY and QQQ, but I'm scaling into those positions over a few days. I have no clue what I'm doing when I'm buying options, so I'm taking little teeny positions just to see how they move

    I don't know about you guys, but I'm having fun!
     
    nitrousflame likes this.
  3. Jaden Jones
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    Jaden Jones Igloo Builder Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    Thats great that your trying it with small amounts, best way to learn for sure. I usually buy on the SPX though, i find it a little easier to predict
     
    nitrousflame likes this.

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